Reduction in cycle time and machining cost plays an important role in enhancing productivity especially in large volume production. In the highly competitive market scenario, customers determine the price of a product and entrepreneurs need to continuously fine tune the costs to realize profits. Machine utilization has a major impact in reducing the manufacturing cost of components. Most CNC machines are underutilized with only 20% time effectively spent in cutting & the rest in non-value adding operations. Although the material cost cannot be reduced, the cycle time and machining cost can be reduced drastically.
Reducing cycle time requires eliminating or reducing non-value-added activity. Cycle times are often impacted due to operator errors, cutting parameters, improper work holding, loading and unloading, improper usage of tools / measuring devices and other components needed during the production run.